ExaGrid Systems Posts Record Sales in Q4 2006.Company Achieves 5th Consecutive Quarter of Sales Growth WESTBOROUGH, Mass. -- ExaGrid Systems, Inc. (www.exagrid.com), the leader in cost-effective and scalable disk-based backup solutions, today announced record sales for the fourth quarter ending December 31, 2006. Fourth quarter sales for the company were up 36% compared to Q3'06, and up 428% compared to the same quarter in 2005. Full-year sales for 2006 were up 337% over the same period in 2005. ExaGrid's compound quarter-over-quarter average growth rate, Q4'05 to Q4'06, was 51%. Along with record sales results, the company continued to execute in a variety of important areas, including delivering new product releases and growing its customer base throughout 2006. Key achievements include the following: * New product releases: ExaGrid v2.1 and v2.3 deliver additional data restore options for disaster recovery, optimized backup of Microsoft[R] SQL SQL in full Structured Query Language. Computer programming language used for retrieving records or parts of records in databases and performing various calculations before displaying the results. databases, and expanded support for backup applications such as CA BrightStor[R] ARCserve[R] Backup, Symantec Backup Exec Backup Exec is backup software for Microsoft Windows environments currently developed by Symantec. Backup Exec has a long history of being sold from one company to another. , Symantec NetBackup and CommVault[R] Galaxy(TM). For more product-related information visit: http://www.exagrid.com/news/pr_082206.htm. * Multiple new customers in key industry verticals: Local, State and Federal Government; Healthcare; Banking; Engineering Services; Architectural Firms; Manufacturing; Legal; Transportation and Education. For more customer-related information visit: http://www.exagrid.com/products/success_stories.html. * Backup application certifications: Both CA and CommVault certified the ExaGrid system for use with Brightstor ARCserve Backup and Galaxy via a rigorous compatibility testing Compatibility testing, part of software non-functional tests, is testing conducted on the application to evaluate the application's compatibility with the computing environment. process. For more certification-related information visit: http://www.exagrid.com/partners/technology_partners.html. * Government contract additions: The ExaGrid system was added to several major government contract acquisition vehicles in Q4'06, including GSA (1) (Global mobile Suppliers Association, Sawbridgeworth, U.K., www.gsacom.com) A membership organization of suppliers of GSM products and services. Its goal is to promote GSM as the worldwide mobile communications standard. See GSM Association and GSM. for general Federal acquisitions and the NASA NASA: see National Aeronautics and Space Administration. NASA in full National Aeronautics and Space Administration Independent U.S. SEWP SEWP Solutions for Enterprise Wide Procurement (NASA) SEWP Scientific and Engineering Workstation Procurement (NASA) SEWP Science and Engineering Workforce Project III contract for DISA/DoD acquisitions. For more contract-related information visit: http://www.exagrid.com/news/pr_121906.htm. "The market's move to disk-based backup with cost saving data reduction technologies is definitely in progress and ExaGrid has become a fast-growing leader in the space," said Bill Andrews <noinclude> Bill Andrews can refer to more than one person: </noinclude>
</noinclude> , president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of ExaGrid Systems. "ExaGrid's sales to mid-market and small enterprise companies increased dramatically throughout 2006, with a strong finish in Q4. More than half of ExaGrid's customers have rolled out an onsite and offsite solution, turning tape backups completely off for both onsite and offsite retention. Disk-based backup remains a robust worldwide market opportunity and we are excited about the year to come." About ExaGrid's Technology The ExaGrid system is a turnkey, plug-and-play solution that sits behind existing backup applications and enables faster and more reliable backups and restores. Customers report that backup windows are reduced on average by 30 to 80%. ExaGrid's unique byte-level delta data reduction and last backup compression, coupled with high quality SATA (Serial ATA) A serial version of the ATA (IDE) interface, which has been the de facto standard hard disk interface for desktop PCs for more than two decades. The original Parallel ATA (PATA) interface was launched in 1986. storage, is on average 25 to 30% the price of standard storage without data reduction. This unique approach reduces the amount of disk space needed to at least 20 to 1. About ExaGrid Systems, Inc. Located in Westborough, Massachusetts For other uses of "Westborough", see Westborough (disambiguation).
Process of reducing the amount of data needed for storage or transmission of a given piece of information (text, graphics, video, sound, etc.), typically by use of encoding techniques. for the most recent backups along with byte-level delta data reduction technology for all previous backups. Customers can deploy the ExaGrid system at a primary site and at a second site to supplement or eliminate offsite tapes with a live data repository or for disaster recovery. For more information, contact ExaGrid at 800-868-6985 or visit www.exagrid.com. |
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